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Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within … such a model, surprise increases of risk lead to a wait-and-see policy for investment at the firm level and a decrease in … the size of firm-level risk fluctuations. We find that time-varying firm-level risk on its own is unlikely to be a major …
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Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within … such a model, surprise increases of risk lead to a wait-and-see policy for investment at the firm level and a decrease in … the size of firm-level risk fluctuations. We find that time-varying firm-level risk on its own is unlikely to be a major …
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Im Zentrum des Hans Jobst Pleitner gewidmeten Bandes stehen die Klein- und Mittelunternehmen. Über fünfzig Beiträge von Kollegen, Partnern in weltweiten Netzwerken und ehemaligen Doktoranden fügen sich zu einem eigentlichen "State-of-the Art"-Werk für den Bereich der KMU zusammen. -- Im...
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